Required information [The following information applies to the questions displayed below] XYZ declared a \$1 per share dividend on August 15. The date of record for the dividend was September 1 (the stock began selling ex-dividend on September 2). The dividend was paid on September 10. Ellis is a cash-method taxpayer. Determine if he must include the dividends in gross income under the following independent circumstances. b. Elis bought 210 shares of XYZ stock on August 1 for $43 per share. Ellis sold his XYZ shares on September 5 for $47 per share. Ellis received the $210 dividend on September 10 (note that even though Ellis didn't own the stock on September 10 , he still received the dividend because he was the shareholder on the record date). Required information [The following information applies to the questions displayed below] XYZ declared a \$1 per share dividend on August 15. The date of record for the dividend was September 1 (the stock began selling ex-dividend on September 2). The dividend was paid on September 10. Elits is a cash-method taxpayer. Determine if he must includic the dividends in gross income under the following independent circumstances. E. Elis bought 210 shares of XYZ stock for $46 per share on August 20 . Ellis received the $210 dividend on September 10 . Ellis still owns the shares at yeaf-end